The newly appointed acting Governor of the Central Bank of Nigeria, Mr. Folashodun Adebisi Shonubi, was formerly Deputy Governor (Operations Directorate).
The office of the SGF asked the suspended CBN Governor, Mr Emefiele to hand over to him with immediate effect.
Emefiele’s suspension took immediate effect, according to a statement by the Office of the Secretary to the Government of the Federation.
According to the statement, the suspension comes amid an ongoing investigation of Emefiele’s office and the planned reforms in the financial sector of the economy.
Shonubi, born on March 7, 1962, is a product of the University of Lagos.
He attended the university from 1978 to 1983, receiving a BSc in mechanical engineering before studying for an MSc in the same field at the same university.
After working as a consultant engineer at Mek-and Associates from 1984 to 1989, he changed his line of education and profession by studying for an MBA with a focus on finance.
With an MBA in his hands, he moved into the IT industry which would later shape his career.
Before he was appointed to CBN in October 2018 by President Muhammadu Buhari, he was MD/CEO of the Nigeria Inter-Bank Settlement System (NIBSS).
Pending the appointment of a new CBN governor or the unlikely recall of Emefiele, who was suspended by Tinubu Friday night, Shonubi is now the chief central banker of Africa’s biggest economy.
